Plan Snapshot
- Plan Sponsor: Numark International, INC
- Sponsor EIN: 521784750
- Sponsor Address: 200 SCENIC VIEW DR, CUMBERLAND, RI, 02864
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 280
- Total Assets: $22.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 280 | $22.1M | $0 | $0 |
| 2024 | 224 | $18.6M | $359,308 | $1.4M |
| 2023 | 224 | $15.4M | $316,443 | $1.2M |
| 2022 | 167 | $12.1M | $280,260 | $1.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | Other Service Provider | — | $50,928 | $50,928 |
| THE ANGELL PENSION GROUP, INC. | Recordkeeper | — | $9,762 | $9,762 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,690
- Estimated Expense Ratio: 0.275% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $2,120,014 | — | $5,080 | — | — |
| 2024 | $14,900 | — | $13,980 | — | — |
| 2023 | $6,250 | — | $4,050 | — | — |
| 2022 | $6,005 | — | — | — | — |